Shale Natural Gas, Oil and NGLs and ESA Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : Shale Natural Gas, Oil and NGLs and ESA

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: jrhana who wrote (2602)	12/6/2009 8:01:55 AM
From: jrhana	of 6160

T. Boone Pickens has modified his plan. His original plan was based on an idea of NG as being somewhat scarce and expensive. So he wanted to move the NG used to produce electricity into transportation while substituting this NG produced electricity with wind farms. Two things happened: 1) The huge new amounts of shale NG hanging over the market made NG neither scarce nor expensive. 2) The wind farms needed to replace the NG produced electricity proved to be both uneconomical and unnecessary. So it is now: "Fortunately, we have a domestic resource that can be used for the production of electricity as well as for taking its place as America's principal transportation fuel." If they want to call it the Pickens plan, fine with me. But it is now a new and improved Pickens plan.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next